ABU DHABI, UAE, Sept. 10, 2024 /PRNewswire/ — Offset8 Capital Limited, a proprietary asset management firm based in Abu Dhabi Global Market, has announced the signing of a financing transaction with iRise, the recipient of the NDC Investment Award at COP28 for Best Forestry Initiative in Africa.
With the project now well underway, Offset8 and iRise reported to the Government of Malawi on the progress of iRise’s Climate and Community Transformation Program, which focuses on restoring 6,000 hectares of degraded land in Malawi, deploying over 140,000 clean cookstoves, and improving food security.
At the heart of this initiative is a large-scale reforestation effort, with plans to plant 6 million indigenous trees and prevent the deforestation of over 4 million trees, all crucial for carbon sequestration, biodiversity resurgence, and soil regeneration.
Across Africa, over 3.7 million people die prematurely each year due to …